Analysts’ Viewpoint
Demand for elevator motors across the globe is being driven by the expansion of commercial and residential buildings, particularly in emerging economies. Rapid urbanization and increase in investment by several governments in infrastructure development projects are augmenting the elevator motors market size. Elevator motors that take less space and provide quiet operations are being developed by high-speed elevator motor manufacturers for skyscrapers.
Market players are focusing on the launch of novel products by integrating new technologies to improve features and functionality of elevators. Collaboration and partnerships among technology firms, component suppliers, and lift manufacturers are fostering new avenues for innovation and accelerating the creation of innovative products and services. Elevator motor producers must abide by stringent regulatory requirements in various regions to fulfill the necessary safety, energy efficiency, and environmental standards.
Elevator motors are used in lifts to propel the lift car up and down. The elevator car moves up and down by means of the turning force that the lift motor produces, which is transferred to the rope winding drum to coil or unwind the rope. A geared or winding drum elevator has a hoist motor. Vertical conveyor motors move materials/products up or down a vertical shaft using a conveyor belt or other lifting devices.
Elevator technology is improving along with advancements in construction technology. Elevators are designed to travel farther, ascend more quickly, be quieter, and provide more comfort.
AC and DC lift motors are used in both residential and commercial lift elevators. Energy-efficient elevators that reduce emissions and energy consumption are in demand across the globe. This factor is projected to fuel elevator motors market development in the near future.
Demand for transportation motors is expected to rise consistently in the near future due to rapid urbanization, growth in the number of high-rise structures, and an increase in the need for better infrastructure.
Several cities across the globe are witnessing rapid growth in population as well as aging infrastructure. According to the World Economic Forum, the share of the global population residing in cities is projected to surge to 80% by 2050, from the current 55%. This is positively impacting the demand for elevators and other vertical transportation motors.
The elevator motors market demand is expanding rapidly in developing nations including India, China, and Southeast Asia, owing to the increase in urbanization, infrastructure development, and rise in demand for high-power elevator motors in commercial and residential buildings.
Furthermore, the increase in the need for modernization and retrofitting of outdated lift systems is offering lucrative elevator motors market opportunities for manufacturers. Manufacturers are focusing on incorporating innovative lift motor technologies that can be integrated with the existing infrastructure.
Elevators have become more reliable, efficient, and safe as a result of the development of destination control systems and energy-saving motors. Energy-saving and environmentally friendly lift motor systems are gaining popularity worldwide because they can lower energy use as well as carbon emissions. This is fueling the demand for advanced and high-performance motor technologies.
Elevator motor manufacturers are heavily investing in the development of advanced safety features to lower accidents and increase the reliability of passenger elevator motors. Modern buildings are increasingly incorporating smart elevators, which offer enhanced comfort, dependability, and energy efficiency. These elevators use sophisticated motor control systems, sensors, and data analytics. Thus, technological advancements are likely to fuel market expansion during the forecast period.
Top elevator motor manufacturers in the world are introducing new technologies while ensuring the safety of elevator users by adopting performance-based safety codes for elevators. For instance, ZIEHL-ABEGG SE’s advanced elevator machine, ZAtopx, combines low noise levels with consistent engine output with its innovative StPUGurt (steel and PU belt) design. The flexible gearless ZAtop model series has a high level of efficiency, small installation width, and narrow shaft dimensions.
As per the elevator motors market analysis, gearless elevator motors are anticipated to contribute to the growth of the global industry during the forecast period.
Gearless traction motors are more compact than geared lift motors since they don't have gears. They are employed for high-speed lifts but they can also be utilized at lower speeds for specific applications.
When compared to a geared motor, elevators without a machine room use a lot less energy. They save considerable expenses by using 70% to 80% less energy in real-time applications.
Moreover, gearless traction motors provide a quieter ride experience and are easy to maintain. These motors are especially crucial for high-speed elevators in tall buildings, as they have the ability to carry heavier loads and operate at faster speeds as compared to geared traction systems. This feature makes them ideal for modern skyscrapers and other high-rise buildings where efficiency and speed are crucial factors.
Gearless motors are more environment-friendly than geared systems, helping reduce a building's carbon footprint. Advances in technology are likely to make gearless traction systems even more efficient and affordable, which is estimated to further drive their popularity.
According to the elevator motors market forecast, North America is anticipated to account for a dominant share of the global industry during the forecast period, owing to increased infrastructure development, construction, and renovation activities in the region.
The elevator motors market in Asia Pacific is anticipated to grow at a rapid pace in the next few years due to rapid urbanization and a rise in building & construction activities in the region. Moreover, the surge in demand for high-rise buildings, an increase in the adoption of advanced technologies, and a rise in demand for energy-efficient elevator systems are contributing to the elevator motors market growth in the Asia Pacific.
As per the global elevator motors market report, manufacturers employ various strategies such as product innovation, partnerships, and acquisitions to remain competitive in the industry.
Changzhou Fulling Motor Co., Ltd, Columbus McKinnon Corporation, Global Partner Elevator, LEESON Electric Corporation, Nidec Motor Corporation, Schindler Elevator Corporation, Siemens AG, The General Electric Company, The Imperial Electric Company, and ZIEHL-ABEGG SE are the top elevator motors companies operating across the globe.
Key players have been profiled in the global elevator motor industry research report based on parameters such as product portfolio, recent developments, financial overview, business segments, company overview, and business strategies.
Attribute |
Detail |
Market Size Value in 2022 (Base Year) |
US$ 832.5 Mn |
Market Forecast Value in 2031 |
US$ 1.4 Bn |
Growth Rate (CAGR) |
6.0% |
Forecast Period |
2023-2031 |
Quantitative Units |
US$ Mn/Bn for Value and Thousand Units for Volume |
Market Analysis |
It includes drivers, restraints, key trends, upcoming key trends, Porter’s Five Forces analysis, value chain analysis, SWOT analysis, regulatory analysis, etc. Furthermore, at the regional level, qualitative analysis includes key trends, price trends, and key supplier analysis. |
Competition Landscape |
|
Regions Covered |
|
Market Segmentation |
|
Companies Profiled |
|
Customization Scope |
Available upon Request |
Pricing |
Available upon Request |
The global market was valued at US$ 832.5 Mn in 2022.
The CAGR is estimated to be 6.0% from 2023 to 2031.
Growth in investment in infrastructure development by governments worldwide and rapid urbanization along with retrofitting and modernization of infrastructure.
The gearless traction motors type segment accounted for major share in 2022.
North America is likely to be the most lucrative region during the forecast period.
Changzhou Fulling Motor Co., Ltd, Columbus McKinnon Corporation, Global Partner Elevator, LEESON Electric Corporation, Nidec Motor Corporation, Schindler Elevator Corporation, Siemens AG, The General Electric Company, The Imperial Electric Company, and ZIEHL-ABEGG SE.
1. Preface
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
2. Assumptions
3. Research Methodology
4. Executive Summary
5. Market Overview
5.1. Market Dynamics
5.1.1. Drivers
5.1.2. Restraints
5.1.3. Opportunities
5.2. Key Trends Analysis
5.2.1. Demand Side Analysis
5.2.2. Supply Side Analysis
5.3. Key Market Indicators
5.4. Porter’s Five Forces Analysis
5.5. Industry SWOT Analysis
5.6. Value Chain Analysis
5.7. COVID-19 Impact Analysis
5.8. Regulatory Framework & Guidelines
5.9. Technology Overview
5.10. Global Elevator Motors Market Analysis and Forecast, 2017 - 2031
5.10.1. Market Value Projections (US$ Mn)
5.10.2. Market Volume Projections (Thousand Units)
6. Global Elevator Motors Market Analysis and Forecast, by Category
6.1. Elevator Motors Market Size (US$ Mn and Thousand Units), by Category, 2017 - 2031
6.1.1. AC Motors
6.1.2. DC Motors
6.2. Incremental Opportunity, by Category
7. Global Elevator Motors Market Analysis and Forecast, by Type
7.1. Elevator Motors Market Size (US$ Mn and Thousand Units), by Type, 2017 - 2031
7.1.1. Geared Traction Motors
7.1.2. Gearless Traction Motors
7.2. Incremental Opportunity, by Type
8. Global Elevator Motors Market Analysis and Forecast, by Application
8.1. Elevator Motors Market Size (US$ Mn and Thousand Units), by Application, 2017 - 2031
8.1.1. Residential
8.1.2. Commercial
8.2. Incremental Opportunity, by Application
9. Global Elevator Motors Market Analysis and Forecast, by Distribution Channel
9.1. Elevator Motors Market Size (US$ Mn and Thousand Units), by Distribution Channel, 2017 - 2031
9.1.1. Online
9.1.2. Offline
9.1.2.1. Direct Sales
9.1.2.2. Indirect Sales
9.2. Incremental Opportunity, by Distribution Channel
10. Global Elevator Motors Market Analysis and Forecast, by Region
10.1. Elevator Motors Market Size (US$ Mn and Thousand Units), by Region, 2017 - 2031
10.1.1. North America
10.1.2. Europe
10.1.3. Asia Pacific
10.1.4. Middle East & Africa
10.1.5. South America
10.2. Incremental Opportunity, by Region
11. North America Elevator Motors Market Analysis and Forecast
11.1. Regional Snapshot
11.2. Key Supplier Analysis
11.3. Key Trends Analysis
11.3.1. Demand Side Analysis
11.3.2. Supply Side Analysis
11.4. Price Trend Analysis
11.4.1. Weighted Average Selling Price (USD)
11.5. Elevator Motors Market Size (US$ Mn and Thousand Units), by Category, 2017 - 2031
11.5.1. AC Motors
11.5.2. DC Motors
11.6. Elevator Motors Market Size (US$ Mn and Thousand Units), by Type, 2017 - 2031
11.6.1. Geared Traction Motors
11.6.2. Gearless Traction Motors
11.7. Elevator Motors Market Size (US$ Mn and Thousand Units), by Application, 2017 - 2031
11.7.1. Residential
11.7.2. Commercial
11.8. Elevator Motors Market Size (US$ Mn and Thousand Units), by Distribution Channel, 2017 - 2031
11.8.1. Online
11.8.2. Offline
11.8.2.1. Direct Sales
11.8.2.2. Indirect Sales
11.9. Elevator Motors Market Size (US$ Mn) (Thousand Units), by Country, 2017 - 2031
11.9.1. The U.S.
11.9.2. Canada
11.9.3. Rest of North America
11.10. Incremental Opportunity Analysis
12. Europe Elevator Motors Market Analysis and Forecast
12.1. Regional Snapshot
12.2. Key Supplier Analysis
12.3. Key Trends Analysis
12.3.1. Demand Side Analysis
12.3.2. Supply Side Analysis
12.4. Price Trend Analysis
12.4.1. Weighted Average Selling Price (USD)
12.5. Elevator Motors Market Size (US$ Mn and Thousand Units), by Category, 2017 - 2031
12.5.1. AC Motors
12.5.2. DC Motors
12.6. Elevator Motors Market Size (US$ Mn and Thousand Units), by Type, 2017 - 2031
12.6.1. Geared Traction Motors
12.6.2. Gearless Traction Motors
12.7. Elevator Motors Market Size (US$ Mn and Thousand Units), by Application, 2017 - 2031
12.7.1. Residential
12.7.2. Commercial
12.8. Elevator Motors Market Size (US$ Mn and Thousand Units), by Distribution Channel, 2017 - 2031
12.8.1. Online
12.8.2. Offline
12.8.2.1. Direct Sales
12.8.2.2. Indirect Sales
12.9. Elevator Motors Market Size (US$ Mn) (Thousand Units), by Country, 2017 - 2031
12.9.1. U.K.
12.9.2. Germany
12.9.3. France
12.9.4. Rest of Europe
12.10. Incremental Opportunity Analysis
13. Asia Pacific Elevator Motors Market Analysis and Forecast
13.1. Regional Snapshot
13.2. Key Supplier Analysis
13.3. Key Trends Analysis
13.3.1. Demand Side Analysis
13.3.2. Supply Side Analysis
13.4. Price Trend Analysis
13.4.1. Weighted Average Selling Price (USD)
13.5. Elevator Motors Market Size (US$ Mn and Thousand Units), by Category, 2017 - 2031
13.5.1. AC Motors
13.5.2. DC Motors
13.6. Elevator Motors Market Size (US$ Mn and Thousand Units), by Type, 2017 - 2031
13.6.1. Geared Traction Motors
13.6.2. Gearless Traction Motors
13.7. Elevator Motors Market Size (US$ Mn and Thousand Units), by Application, 2017 - 2031
13.7.1. Residential
13.7.2. Commercial
13.8. Elevator Motors Market Size (US$ Mn and Thousand Units), by Distribution Channel, 2017 - 2031
13.8.1. Online
13.8.2. Offline
13.8.2.1. Direct Sales
13.8.2.2. Indirect Sales
13.9. Elevator Motors Market Size (US$ Mn) (Thousand Units), by Country, 2017 - 2031
13.9.1. China
13.9.2. India
13.9.3. Japan
13.9.4. Rest of Asia Pacific
13.10. Incremental Opportunity Analysis
14. Middle East & Africa Elevator Motors Market Analysis and Forecast
14.1. Regional Snapshot
14.2. Key Supplier Analysis
14.3. Key Trends Analysis
14.3.1. Demand Side Analysis
14.3.2. Supply Side Analysis
14.4. Price Trend Analysis
14.4.1. Weighted Average Selling Price (USD)
14.5. Elevator Motors Market Size (US$ Mn and Thousand Units), by Category, 2017 - 2031
14.5.1. AC Motors
14.5.2. DC Motors
14.6. Elevator Motors Market Size (US$ Mn and Thousand Units), by Type, 2017 - 2031
14.6.1. Geared Traction Motors
14.6.2. Gearless Traction Motors
14.7. Elevator Motors Market Size (US$ Mn and Thousand Units), by Application, 2017 - 2031
14.7.1. Residential
14.7.2. Commercial
14.8. Elevator Motors Market Size (US$ Mn and Thousand Units), by Distribution Channel, 2017 - 2031
14.8.1. Online
14.8.2. Offline
14.8.2.1. Direct Sales
14.8.2.2. Indirect Sales
14.9. Elevator Motors Market Size (US$ Mn) (Thousand Units), by Country, 2017 - 2031
14.9.1. GCC
14.9.2. South Africa
14.9.3. Rest of Middle East & Africa
14.10. Incremental Opportunity Analysis
15. South America Elevator Motors Market Analysis and Forecast
15.1. Regional Snapshot
15.2. Key Supplier Analysis
15.3. Key Trends Analysis
15.3.1. Demand Side Analysis
15.3.2. Supply Side Analysis
15.4. Price Trend Analysis
15.4.1. Weighted Average Selling Price (USD)
15.5. Elevator Motors Market Size (US$ Mn and Thousand Units), by Category, 2017 - 2031
15.5.1. AC Motors
15.5.2. DC Motors
15.6. Elevator Motors Market Size (US$ Mn and Thousand Units), by Type, 2017 - 2031
15.6.1. Geared Traction Motors
15.6.2. Gearless Traction Motors
15.7. Elevator Motors Market Size (US$ Mn and Thousand Units), by Application, 2017 - 2031
15.7.1. Residential
15.7.2. Commercial
15.8. Elevator Motors Market Size (US$ Mn and Thousand Units), by Distribution Channel, 2017 - 2031
15.8.1. Online
15.8.2. Offline
15.8.2.1. Direct Sales
15.8.2.2. Indirect Sales
15.9. Elevator Motors Market Size (US$ Mn) (Thousand Units), by Country, 2017 - 2031
15.9.1. Brazil
15.9.2. Rest of South America
15.10. Incremental Opportunity Analysis
16. Competition Landscape
16.1. Market Player – Competition Dashboard
16.2. Market Share Analysis (%), 2022
16.3. Company Profiles (Details – Company Overview, Sales Area/Geographical Presence, Revenue, Strategy & Business Overview, Go-To-Market Strategy)
16.3.1. Changzhou Fulling Motor Co., Ltd
16.3.1.1. Company Overview
16.3.1.2. Sales Area/Geographical Presence
16.3.1.3. Revenue
16.3.1.4. Strategy & Business Overview
16.3.1.5. Go-To-Market Strategy
16.3.2. Columbus McKinnon Corporation
16.3.2.1. Company Overview
16.3.2.2. Sales Area/Geographical Presence
16.3.2.3. Revenue
16.3.2.4. Strategy & Business Overview
16.3.2.5. Go-To-Market Strategy
16.3.3. Global Partner Elevator
16.3.3.1. Company Overview
16.3.3.2. Sales Area/Geographical Presence
16.3.3.3. Revenue
16.3.3.4. Strategy & Business Overview
16.3.3.5. Go-To-Market Strategy
16.3.4. LEESON Electric Corporation
16.3.4.1. Company Overview
16.3.4.2. Sales Area/Geographical Presence
16.3.4.3. Revenue
16.3.4.4. Strategy & Business Overview
16.3.4.5. Go-To-Market Strategy
16.3.5. Nidec Motor Corporation
16.3.5.1. Company Overview
16.3.5.2. Sales Area/Geographical Presence
16.3.5.3. Revenue
16.3.5.4. Strategy & Business Overview
16.3.5.5. Go-To-Market Strategy
16.3.6. Schindler Elevator Corporation
16.3.6.1. Company Overview
16.3.6.2. Sales Area/Geographical Presence
16.3.6.3. Revenue
16.3.6.4. Strategy & Business Overview
16.3.6.5. Go-To-Market Strategy
16.3.7. Siemens AG
16.3.7.1. Company Overview
16.3.7.2. Sales Area/Geographical Presence
16.3.7.3. Revenue
16.3.7.4. Strategy & Business Overview
16.3.7.5. Go-To-Market Strategy
16.3.8. The General Electric Company
16.3.8.1. Company Overview
16.3.8.2. Sales Area/Geographical Presence
16.3.8.3. Revenue
16.3.8.4. Strategy & Business Overview
16.3.8.5. Go-To-Market Strategy
16.3.9. The Imperial Electric Company
16.3.9.1. Company Overview
16.3.9.2. Sales Area/Geographical Presence
16.3.9.3. Revenue
16.3.9.4. Strategy & Business Overview
16.3.9.5. Go-To-Market Strategy
16.3.10. ZIEHL-ABEGG SE
16.3.10.1. Company Overview
16.3.10.2. Sales Area/Geographical Presence
16.3.10.3. Revenue
16.3.10.4. Strategy & Business Overview
16.3.10.5. Go-To-Market Strategy
17. Go To Market Strategy
17.1. Identification of Potential Market Spaces
17.2. Preferred Sales & Marketing Strategy
List of Tables
Table 1: Global Elevator Motors Market, by Category, Thousand Units, 2017-2031
Table 2: Global Elevator Motors Market, by Category, US$ Mn, 2017-2031
Table 3: Global Elevator Motors Market, by Type, Thousand Units, 2017-2031
Table 4: Global Elevator Motors Market, by Type, US$ Mn, 2017-2031
Table 5: Global Elevator Motors Market, by Application, Thousand Units, 2017-2031
Table 6: Global Elevator Motors Market, by Application, US$ Mn, 2017-2031
Table 7: Global Elevator Motors Market, by Distribution Channel, Thousand Units, 2017-2031
Table 8: Global Elevator Motors Market, by Distribution Channel, US$ Mn, 2017-2031
Table 9: Global Elevator Motors Market, by Region, Thousand Units, 2017-2031
Table 10: Global Elevator Motors Market, by Region, US$ Mn, 2017-2031
Table 11: North America Elevator Motors Market, by Category, Thousand Units, 2017-2031
Table 12: North America Elevator Motors Market, by Category, US$ Mn, 2017-2031
Table 13: North America Elevator Motors Market, by Type, Thousand Units, 2017-2031
Table 14: North America Elevator Motors Market, by Type, US$ Mn, 2017-2031
Table 15: North America Elevator Motors Market, by Application, Thousand Units, 2017-2031
Table 16: North America Elevator Motors Market, by Application, US$ Mn, 2017-2031
Table 17: North America Elevator Motors Market, by Distribution Channel, Thousand Units, 2017-2031
Table 18: North America Elevator Motors Market, by Distribution Channel, US$ Mn, 2017-2031
Table 19: North America Elevator Motors Market, by Country, Thousand Units, 2017-2031
Table 20: North America Elevator Motors Market, by Country, US$ Mn, 2017-2031
Table 21: Europe Elevator Motors Market, by Category, Thousand Units, 2017-2031
Table 22: Europe Elevator Motors Market, by Category, US$ Mn, 2017-2031
Table 23: Europe Elevator Motors Market, by Type, Thousand Units, 2017-2031
Table 24: Europe Elevator Motors Market, by Type, US$ Mn, 2017-2031
Table 25: Europe Elevator Motors Market, by Application, Thousand Units, 2017-2031
Table 26: Europe Elevator Motors Market, by Application, US$ Mn, 2017-2031
Table 27: Europe Elevator Motors Market, by Distribution Channel, Thousand Units, 2017-2031
Table 28: Europe Elevator Motors Market, by Distribution Channel, US$ Mn, 2017-2031
Table 29: Europe Elevator Motors Market, by Country, Thousand Units, 2017-2031
Table 30: Europe Elevator Motors Market, by Country, US$ Mn, 2017-2031
Table 31: Asia Pacific Elevator Motors Market, by Category, Thousand Units, 2017-2031
Table 32: Asia Pacific Elevator Motors Market, by Category, US$ Mn, 2017-2031
Table 33: Asia Pacific Elevator Motors Market, by Type, Thousand Units, 2017-2031
Table 34: Asia Pacific Elevator Motors Market, by Type, US$ Mn, 2017-2031
Table 35: Asia Pacific Elevator Motors Market, by Application, Thousand Units, 2017-2031
Table 36: Asia Pacific Elevator Motors Market, by Application, US$ Mn, 2017-2031
Table 37: Asia Pacific Elevator Motors Market, by Distribution Channel, Thousand Units, 2017-2031
Table 38: Asia Pacific Elevator Motors Market, by Distribution Channel, US$ Mn, 2017-2031
Table 39: Asia Pacific Elevator Motors Market, by Country, Thousand Units, 2017-2031
Table 40: Asia Pacific Elevator Motors Market, by Country, US$ Mn, 2017-2031
Table 41: Middle East & Africa Elevator Motors Market, by Category, Thousand Units, 2017-2031
Table 42: Middle East & Africa Elevator Motors Market, by Category, US$ Mn, 2017-2031
Table 43: Middle East & Africa Elevator Motors Market, by Type, Thousand Units, 2017-2031
Table 44: Middle East & Africa Elevator Motors Market, by Type, US$ Mn, 2017-2031
Table 45: Middle East & Africa Elevator Motors Market, by Application, Thousand Units, 2017-2031
Table 46: Middle East & Africa Elevator Motors Market, by Application, US$ Mn, 2017-2031
Table 47: Middle East & Africa Elevator Motors Market, by Distribution Channel, Thousand Units, 2017-2031
Table 48: Middle East & Africa Elevator Motors Market, by Distribution Channel, US$ Mn, 2017-2031
Table 49: Middle East & Africa Elevator Motors Market, by Country, Thousand Units, 2017-2031
Table 50: Middle East & Africa Elevator Motors Market, by Country, US$ Mn, 2017-2031
Table 51: South America Elevator Motors Market, by Category, Thousand Units, 2017-2031
Table 52: South America Elevator Motors Market, by Category, US$ Mn, 2017-2031
Table 53: South America Elevator Motors Market, by Type, Thousand Units, 2017-2031
Table 54: South America Elevator Motors Market, by Type, US$ Mn, 2017-2031
Table 55: South America Elevator Motors Market, by Application, Thousand Units, 2017-2031
Table 56: South America Elevator Motors Market, by Application, US$ Mn, 2017-2031
Table 57: South America Elevator Motors Market, by Distribution Channel, Thousand Units, 2017-2031
Table 58: South America Elevator Motors Market, by Distribution Channel, US$ Mn, 2017-2031
Table 59: South America Elevator Motors Market, by Country, Thousand Units, 2017-2031
Table 60: South America Elevator Motors Market, by Country, US$ Mn, 2017-2031
List of Figures
Figure 1: Global Elevator Motors Market Projections by Category, Thousand Units, 2017-2031
Figure 2: Global Elevator Motors Market Projections by Category, US$ Mn, 2017-2031
Figure 3: Global Elevator Motors Market, Incremental Opportunity, by Category, US$ Mn, 2017-2031
Figure 4: Global Elevator Motors Market Projections by Type, Thousand Units, 2017-2031
Figure 5: Global Elevator Motors Market Projections by Type, US$ Mn, 2017-2031
Figure 6: Global Elevator Motors Market, Incremental Opportunity, by Type, US$ Mn, 2017-2031
Figure 7: Global Elevator Motors Market Projections by Application, Thousand Units, 2017-2031
Figure 8: Global Elevator Motors Market Projections by Application, US$ Mn, 2017-2031
Figure 9: Global Elevator Motors Market, Incremental Opportunity, by Application, US$ Mn, 2017-2031
Figure 10: Global Elevator Motors Market Projections by Distribution Channel, Thousand Units, 2017-2031
Figure 11: Global Elevator Motors Market Projections by Distribution Channel, US$ Mn, 2017-2031
Figure 12: Global Elevator Motors Market, Incremental Opportunity, by Distribution Channel, US$ Mn, 2017-2031
Figure 13: Global Elevator Motors Market Projections by Region, Thousand Units, 2017-2031
Figure 14: Global Elevator Motors Market Projections by Region, US$ Mn, 2017-2031
Figure 15: Global Elevator Motors Market, Incremental Opportunity, by Region, US$ Mn, 2017-2031
Figure 16: North America Elevator Motors Market Projections by Category, Thousand Units, 2017-2031
Figure 17: North America Elevator Motors Market Projections by Category, US$ Mn, 2017-2031
Figure 18: North America Elevator Motors Market, Incremental Opportunity, by Category, US$ Mn, 2017-2031
Figure 19: North America Elevator Motors Market Projections by Type, Thousand Units, 2017-2031
Figure 20: North America Elevator Motors Market Projections by Type, US$ Mn, 2017-2031
Figure 21: North America Elevator Motors Market, Incremental Opportunity, by Type, US$ Mn, 2017-2031
Figure 22: North America Elevator Motors Market Projections by Application, Thousand Units, 2017-2031
Figure 23: North America Elevator Motors Market Projections by Application, US$ Mn, 2017-2031
Figure 24: North America Elevator Motors Market, Incremental Opportunity, by Application, US$ Mn, 2017-2031
Figure 25: North America Elevator Motors Market Projections by Distribution Channel, Thousand Units, 2017-2031
Figure 26: North America Elevator Motors Market Projections by Distribution Channel, US$ Mn, 2017-2031
Figure 27: North America Elevator Motors Market, Incremental Opportunity, by Distribution Channel, US$ Mn, 2017-2031
Figure 28: North America Elevator Motors Market Projections by Country, Thousand Units, 2017-2031
Figure 29: North America Elevator Motors Market Projections by Country, US$ Mn, 2017-2031
Figure 30: North America Elevator Motors Market, Incremental Opportunity, by Country, US$ Mn, 2017-2031
Figure 31: Europe Elevator Motors Market Projections by Category, Thousand Units, 2017-2031
Figure 32: Europe Elevator Motors Market Projections by Category, US$ Mn, 2017-2031
Figure 33: Europe Elevator Motors Market, Incremental Opportunity, by Category, US$ Mn, 2017-2031
Figure 34: Europe Elevator Motors Market Projections by Type, Thousand Units, 2017-2031
Figure 35: Europe Elevator Motors Market Projections by Type, US$ Mn, 2017-2031
Figure 36: Europe Elevator Motors Market, Incremental Opportunity, by Type, US$ Mn, 2017-2031
Figure 37: Europe Elevator Motors Market Projections by Application, Thousand Units, 2017-2031
Figure 38: Europe Elevator Motors Market Projections by Application, US$ Mn, 2017-2031
Figure 39: Europe Elevator Motors Market, Incremental Opportunity, by Application, US$ Mn, 2017-2031
Figure 40: Europe Elevator Motors Market Projections by Distribution Channel, Thousand Units, 2017-2031
Figure 41: Europe Elevator Motors Market Projections by Distribution Channel, US$ Mn, 2017-2031
Figure 42: Europe Elevator Motors Market, Incremental Opportunity, by Distribution Channel, US$ Mn, 2017-2031
Figure 43: Europe Elevator Motors Market Projections by Country, Thousand Units, 2017-2031
Figure 44: Europe Elevator Motors Market Projections by Country, US$ Mn, 2017-2031
Figure 45: Europe Elevator Motors Market, Incremental Opportunity, by Country, US$ Mn, 2017-2031
Figure 46: Asia Pacific Elevator Motors Market Projections by Category, Thousand Units, 2017-2031
Figure 47: Asia Pacific Elevator Motors Market Projections by Category, US$ Mn, 2017-2031
Figure 48: Asia Pacific Elevator Motors Market, Incremental Opportunity, by Category, US$ Mn, 2017-2031
Figure 49: Asia Pacific Elevator Motors Market Projections by Type, Thousand Units, 2017-2031
Figure 50: Asia Pacific Elevator Motors Market Projections by Type, US$ Mn, 2017-2031
Figure 51: Asia Pacific Elevator Motors Market, Incremental Opportunity, by Type, US$ Mn, 2017-2031
Figure 52: Asia Pacific Elevator Motors Market Projections by Application, Thousand Units, 2017-2031
Figure 53: Asia Pacific Elevator Motors Market Projections by Application, US$ Mn, 2017-2031
Figure 54: Asia Pacific Elevator Motors Market, Incremental Opportunity, by Application, US$ Mn, 2017-2031
Figure 55: Asia Pacific Elevator Motors Market Projections by Distribution Channel, Thousand Units, 2017-2031
Figure 56: Asia Pacific Elevator Motors Market Projections by Distribution Channel, US$ Mn, 2017-2031
Figure 57: Asia Pacific Elevator Motors Market, Incremental Opportunity, by Distribution Channel, US$ Mn, 2017-2031
Figure 58: Asia Pacific Elevator Motors Market Projections by Country, Thousand Units, 2017-2031
Figure 59: Asia Pacific Elevator Motors Market Projections by Country, US$ Mn, 2017-2031
Figure 60: Asia Pacific Elevator Motors Market, Incremental Opportunity, by Country, US$ Mn, 2017-2031
Figure 61: Middle East & Africa Elevator Motors Market Projections by Category, Thousand Units, 2017-2031
Figure 62: Middle East & Africa Elevator Motors Market Projections by Category, US$ Mn, 2017-2031
Figure 63: Middle East & Africa Elevator Motors Market, Incremental Opportunity, by Category, US$ Mn, 2017-2031
Figure 64: Middle East & Africa Elevator Motors Market Projections by Type, Thousand Units, 2017-2031
Figure 65: Middle East & Africa Elevator Motors Market Projections by Type, US$ Mn, 2017-2031
Figure 66: Middle East & Africa Elevator Motors Market, Incremental Opportunity, by Type, US$ Mn, 2017-2031
Figure 67: Middle East & Africa Elevator Motors Market Projections by Application, Thousand Units, 2017-2031
Figure 68: Middle East & Africa Elevator Motors Market Projections by Application, US$ Mn, 2017-2031
Figure 69: Middle East & Africa Elevator Motors Market, Incremental Opportunity, by Application, US$ Mn, 2017-2031
Figure 70: Middle East & Africa Elevator Motors Market Projections by Distribution Channel, Thousand Units, 2017-2031
Figure 71: Middle East & Africa Elevator Motors Market Projections by Distribution Channel, US$ Mn, 2017-2031
Figure 72: Middle East & Africa Elevator Motors Market, Incremental Opportunity, by Distribution Channel, US$ Mn, 2017-2031
Figure 73: Middle East & Africa Elevator Motors Market Projections by Country, Thousand Units, 2017-2031
Figure 74: Middle East & Africa Elevator Motors Market Projections by Country, US$ Mn, 2017-2031
Figure 75: Middle East & Africa Elevator Motors Market, Incremental Opportunity, by Country, US$ Mn, 2017-2031
Figure 76: South America Elevator Motors Market Projections by Category, Thousand Units, 2017-2031
Figure 77: South America Elevator Motors Market Projections by Category, US$ Mn, 2017-2031
Figure 78: South America Elevator Motors Market, Incremental Opportunity, by Category, US$ Mn, 2017-2031
Figure 79: South America Elevator Motors Market Projections by Type, Thousand Units, 2017-2031
Figure 80: South America Elevator Motors Market Projections by Type, US$ Mn, 2017-2031
Figure 81: South America Elevator Motors Market, Incremental Opportunity, by Type, US$ Mn, 2017-2031
Figure 82: South America Elevator Motors Market Projections by Application, Thousand Units, 2017-2031
Figure 83: South America Elevator Motors Market Projections by Application, US$ Mn, 2017-2031
Figure 84: South America Elevator Motors Market, Incremental Opportunity, by Application, US$ Mn, 2017-2031
Figure 85: South America Elevator Motors Market Projections by Distribution Channel, Thousand Units, 2017-2031
Figure 86: South America Elevator Motors Market Projections by Distribution Channel, US$ Mn, 2017-2031
Figure 87: South America Elevator Motors Market, Incremental Opportunity, by Distribution Channel, US$ Mn, 2017-2031
Figure 88: South America Elevator Motors Market Projections by Country, Thousand Units, 2017-2031
Figure 89: South America Elevator Motors Market Projections by Country, US$ Mn, 2017-2031
Figure 90: South America Elevator Motors Market, Incremental Opportunity, by Country, US$ Mn, 2017-2031